The IMF has allocated $285,3 million to support economic reforms of Georgia
The international monetary Fund (IMF) approved the allocation of Georgia $285,3 million, the press service of the organization.
The IMF said that the program lasts for three years and aims to “support the authorities’ economic reforms.”
“The program will help Georgia to reduce the vulnerability of the economy to implement a well-coordinated economic measures to achieve economic growth,” — says the IMF.
As noted in the Fund, the program includes “ambitious structural reforms” focusing on improving education, investing in infrastructure, improving the efficiency of public administration and to stimulate the private sector of the economy.
To this end, the IMF has provided Georgia loan tranche in 2014. Then the IMF Executive Board approved the allocation of $58.1 million, which was the second tranche towards Georgia within the three-year credit program, the total volume of which reached $145.4 million